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Investment in Joint Venture (Tables)
12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Activity Related to Investment in Joint Venture

The following table summarizes activity related to our investment in the JV.

 

Balance as of December 31, 2016

   $ 36,008  

Our share of cumulative earnings

     5,582  

Dividends declared and paid by joint venture

     (4,156

Accretion of basis difference from purchase accounting

     (371

Foreign currency translation gain

     2,759  
  

 

 

 

Balance as of December 31, 2017

   $ 39,822  
  

 

 

 

 

 

Summarized Balance Sheet Information of Unconsolidated Joint Venture

The following tables present summarized financial information of the unconsolidated JV.

 

     As of December 31,  
     2017      2016  

Current assets

   $ 47,600      $ 31,295  

Non-current assets

     24,763        22,522  
  

 

 

    

 

 

 

Total assets

   $ 72,363      $ 53,817  
  

 

 

    

 

 

 

Current liabilities

   $ 26,165      $ 13,549  
  

 

 

    

 

 

 

Total liabilities

   $ 26,165      $ 13,549  
  

 

 

    

 

 

 
Summarized Income Statement Information of Unconsolidated Joint Venture
     Year Ended December 31,  
     2017      2016      2015  

Net sales

   $ 74,805      $ 65,756      $ 55,962  

Cost of sales

   $ 57,514      $ 44,530      $ 37,283  

Income from operations

   $ 13,659      $ 16,268      $ 13,972  

Net income

   $ 11,442      $ 13,702      $ 11,525